❝ Until recently, President Donald Trump’s waving of the trade-war stick at China and various allies has generally elicited stock-market yawns. But Trump’s new tariffs on Chinese goods today may have been a hot pot of coffee. China fired back with massive tariffs of its own, and Trump has threatened to retaliate for China’s retaliation.
❝ Suddenly the trade wars seem to matter a bit more to stocks; the S&P 500 fell about one percent before recovering at the end of the day. And trade wars matter in some quarters more than others. Qualcomm’s pending merger with NXP Semiconductors NV is suddenly complicated, notes Alex Webb. China’s government is telling big U.S. companies doing business in China to “buckle up” should Trump follow through on his anti-trade vows.
And, yeah, want to buy the latest version of your father’s favorite Buick? The ENVISION SUV is their most popular model in the GOUSA and – courtesy of the Dotard-in-Chief – you can tack another $8,000 onto the price tag.